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U.S. Senate backs bill to punish China over Hong Kong
economictimes.indiatimes.com

U.S. Senate backs bill to punish China over Hong Kong

Democratic Senator Chris Van Hollen, a lead sponsor, said in the Senate the legislation would send a clear message to Beijing that there would be consequences if it acts to undermine Hong Kong's autonomy.

International

The U.S. Senate passed legislation on Thursday that would impose mandatory sanctions on people or companies that back efforts by China to restrict Hong Kong's autonomy, pushing back against Beijing's new security law for the city.

The measure also includes secondary sanctions on banks that do business with anyone found to be backing any crackdown on the territory's autonomy, potentially cutting them off from American counterparts and limiting access to U.S. dollar transactions.